John Trench
Understanding the Importance of Directors and Officers Insurance
Many individuals volunteer to serve on the boards of directors or trustees of nonprofit organizations they believe serve an important role in the community. The reasons individuals decide to lend their expertise to an organization are varied. Most board members would agree that serving on a board is a rewarding and important experience on a…
Why and How a Nonprofit Should Establish an Operating Reserve
Congratulations! The nonprofit organization you manage, or represent as a member of the Board of Governance, has made the strategic decision to establish an operating reserve. Making this decision is the easy part, now the hard work begins. Decisions need to be made about the appropriate amount of reserve to be established and the best…